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XBTFX Forex Broker keeps up-to-date with the latest trading account information, including Islamic, ECN, Standard maximum leverage of 1:500, trading varieties, and more

Rating Index

Pros

Low minimum deposit requirement of $10, making it accessible for new traders.

Wide range of trading instruments, including over 200 CFDs across various asset classes.

Competitive trading conditions with low spreads on ECN accounts and no deposit or withdrawal fees.

Cons

Deposits and withdrawals are limited to cryptocurrencies, which may inconvenience traders who prefer fiat options.

Lack of stringent regulation, raising concerns about the safety and security of funds.

Limited educational resources compared to some competitors, which may not fully support novice traders.

XBTFX broker Accounts

Islamic

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

$10 Equivalent

Minimum Spread

From 1

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

ECN

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

$10

Minimum Spread

From 0.01

Depositing Method

Withdrawal Method

Minimum position

Commission

$2.75 / lot / side for FX, Commodities & CFDs; 0.05% per deal on CryptoCurrency; USA: $0.10, EU, ASIA: 0.45% for Share CFD, per share

Products

FX, Commodities & CFDs, CryptoCurrency, Share CFD

Standard

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

$10

Minimum Spread

From 1

Depositing Method

Withdrawal Method

Minimum position

Commission

Zero for FX, Commodities & CFDs； Zero for CryptoCurrency；USA: $0.10, EU, ASIA, Russia: 0.45% per share for Share CFD

Products

FX, Commodities & CFDs, CryptoCurrency, Share CFD

XBTFX Account Type

XBTFX offers two main types of trading accounts to cater to the diverse needs of traders: Standard Accounts and ECN Accounts. Both account types require a minimum deposit of $10 and provide access to a wide range of trading instruments, including forex, cryptocurrencies, commodities, and CFDs.

Standard Account

Spreads: From 1 pip.
Commission: Zero commissions on forex, commodities, and CFDs.
Cryptocurrency Fees: Zero commission.
Leverage: Up to 500:1.
Platform: Available on MetaTrader 4, MetaTrader 5, and cTrader.
Islamic Account Option: Yes.
Withdrawal Fees: Zero.

ECN Account

Spreads: From 0.01 pips.
Commission: $3.5 per lot per side for forex, commodities, and CFDs; 0.075% per deal for cryptocurrencies.
Leverage: Up to 500:1.
Platform: Available on MetaTrader 4, MetaTrader 5, and cTrader.
Islamic Account Option: No.
Withdrawal Fees: Zero.

Both account types support automated trading and allow micro lot trading (0.01 lots), making them suitable for both novice and experienced traders.

XBTFX Broker Account Opening Process

Opening an account with XBTFX is a straightforward process that can be completed in a few simple steps:

Visit the Official Website: Go to xbtfx.io.
Registration: Click on the "Register" button located at the top right corner of the homepage.
Fill in the Registration Form: Provide your details, including your name, email address, phone number, and country of residence.
Email Verification: Confirm your email address through the verification link sent to your inbox.
Account Verification: Complete the KYC process by submitting a valid proof of identity and proof of address.

Level 1 Verification: Email verification allows for crypto deposits and trading.
Level 2 Verification: Requires ID and address proof for full account features.

Deposit Funds: Once verified, you can deposit funds using various cryptocurrencies.
Open Trading Account: Select the account type (Standard or ECN), base currency, and leverage, then proceed to open your trading account.
Start Trading: Download the trading platform of your choice (MT4, MT5, or cTrader) and log in with your credentials to start trading.

By following these steps, traders can quickly set up their accounts and begin trading on the XBTFX platform.